re: Where do I stack up against the Money Board?(Posted by TDsngumbo on 3/26/13 at 3:25 pm to GenesChin)

34 years old Just hit the reset button on my career so I started my current position about 9 months ago. A little more than $76,000/year combined income 7 year old house, 1 old car and 1 new car, no kids All debt except the house will be paid off by the end of next month.

All I did was simply took a step back from my emotions and gave my finances a serious, non-biased review. I found out the wife and I could really live off of only her income and a few hundred dollars a month of my income. Once I learned that, saving and investing was very easy. I feel so stupid for not seeing it sooner in life but better late than never I guess.

Full time college student. Part time job. Will have my truck paid off at the end of this year. I save around $200-$300 per month. I buy anything and everything I want, I have no self control. This needs to change.

I graduate in May. I have a full time job waiting on me making $3000 plus commission and almost a 50% raise after 1 year. (Family company) Car will be paid for. Rent will be under $600 per month.

re: Where do I stack up against the Money Board?(Posted by RickAstley on 3/26/13 at 3:54 pm to TDsngumbo)

At the end of the month I might have $1500 of unaccounted for money that I stuff into savings so I don't accidentally spend it. I put 10% of income into 401(k). I am transferring all of my savings/emergency fund to PenFed. I am trying to determine what I am going to do as far as a Roth IRA. I plan to open one this year, although I still have not done so. My company offers a Roth IRA plan through John Hancock, but I have not acted upon their offering.

quote:Does that include your 401(k) contributions or anything of that nature, or is it just personal stuff?

Well without my work contributions it's really about $1,300 of my own stuff. That is to say, $1,300 of my money each month goes into savings/investments that I've chosen on my own that are separate from work.

re: Where do I stack up against the Money Board?(Posted by TDsngumbo on 3/26/13 at 4:07 pm to RickAstley)

quote: I am trying to determine what I am going to do as far as a Roth IRA. I plan to open one this year, although I still have not done so.

Dude, it's so easy to open one with Vanguard. Their charges are extremely low and are the lowest in the industry, in fact. It took me about 15 minutes to open one online and it's very easy to contribute each month.

re: Where do I stack up against the Money Board?(Posted by RickAstley on 3/26/13 at 4:13 pm to TDsngumbo)

I understand that. I have not focused much attention on opening a Roth IRA. I will have one opened at some point this year. I haven't spent enough time comparing Fidelity, Vanguard, and John Hancock for me to open one yet.

re: Where do I stack up against the Money Board?(Posted by Teddy Ruxpin on 3/26/13 at 6:04 pm to aaronb023)

Age: 27 Take home a year after taxes: Approx. 45k to 47k but rising. Current Investments per month including employer: $770 approx. Full HSA and 401k contributions, Roth fully funded 2012 but no contributions this year so far due to maxing the other two accounts.

Putting a good amount away for a ring, however, that amount then switches over to loan payments once purchased.